Gulf Shores Bank in Crystal Beach, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 07, 1994

  • Gulf Shores Bank in Crystal Beach, Texas (TX)
  • Show street view No street view available for this location

Gulf Shores Bank - Overview

  • General
  • FDIC Certificate #: 26288
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Texas First Bank (#21960)
    Federal Reserve ID: 703954
    Date Established: July 06, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 32681
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 06, 1985
    Last Structure Change Effective Date: May 07, 1994
    Last Structure Change Process Date: May 23, 1994
    Last Data Update: May 23, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 157 Highway 87 At Driftwood Street, Crystal Beach, TX 77650
    County: Galveston
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Galveston-Texas City, TX (#2920)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • Financial Summary
  • Total assets: $14.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $5Total assets
  • $14,467Cash and due from depository institutions
  • $429Interest-bearing balances
  • $0Securities
  • $6,847Federal funds sold & reverse repurchase agreements
  • $2,405Net loans & leases
  • $4,396Loan loss allowance
  • $95Trading account assets
  • $0Bank premises and fixed assets
  • $235Other real estate owned
  • $0Goodwill and other intangibles
  • $155Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $14,467Total liabilities
  • $13,048Total deposits
  • $12,980Interest-bearing deposits
  • $10,712Deposits held in domestic offices
  • 12980.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $68Total equity capital
  • $68Total bank equity capital
  • $1,419Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $400Undivided profits
  • Memoranda
  • $619Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $23Earning assets
  • $13,648Long-term assets (5+ years)
  • $3,613Average Assets, year-to-date
  • $14,216Average Assets, quarterly
  • $14,769Volatile liabilities
  • $1,113Insider loans
  • $158FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $289Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,419Total risk weighted assets
  • $6,277Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $942Total interest expense
  • $365Net interest income
  • $577Provision for loan and lease losses
  • $21Total noninterest income
  • $139Fiduciary activities
  • $0Service charges on deposit accounts
  • $100Trading account gains & fees
  • $0Additional noninterest income
  • $39Total noninterest expense
  • $373Salaries and employee benefits
  • $118Premises and equipment expense
  • $51Additional noninterest expense
  • $204Pre-tax net operating income
  • $322Securities gains (losses)
  • $0Applicable income taxes
  • $111Income before extraordinary items
  • $211Extraordinary gains - net
  • $0Net income attributable to bank
  • $211Net charge-offs
  • $13Cash dividends
  • $150Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.26%Cost of funding earning assets
  • 2.81%Net interest margin
  • 4.45%Noninterest income to earning assets
  • 1.07%Noninterest expense to earning assets
  • 2.87%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 1.48%Pretax return on assets
  • 2.27%Return on equity (ROE)
  • 14.70%Retained earnings to average equity (YTD only)
  • 4.25%Net charge-offs to loans
  • 0.28%Credit loss provision to net charge-offs
  • 161.54%Efficiency ratio
  • 52,095Assets per employee
  • 2.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.09%Loss allowance to loans
  • 2.12%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 33.87%Net loans and leases to core deposits
  • 37.04%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 9.50%Tier 1 risk-based capital ratio
  • 22.61%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $14,216Average earning assets
  • $1,436Average equity
  • $12,975Average loans

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